United Arab Emirates to invest EUR 15 million in Serbia

BELGRADE – The company “Global Capital Advisors mgmt” from UAE, intends to invest between EUR 10 and 15 million in financing projects in Serbia, Government of Serbia said in official statement.

Memorandum will be used to determine forming of the joint company of Government of Serbia and the company from UAE, for financing and development of industrial and infrastructure projects in Serbia.

The costs of the establishment of the company will finance “Global Capital Advisors mgmt”. The memorandum will be signed by the Minister of Construction and Urban Planning of Serbia, Velimir Ilic, and the director of the “Global Capital Advisors mgmt”, Arun Panchariya.

The signing of the memorandum will attend also the Prime Minister of Serbia Ivica Dacic, the First Deputy Prime Minister Aleksandar Vucic and special advisor to the Minister of Foreign Affairs of UAE, Mohammed Al Suwaidi.